What is the major difference between a tax-backed debt and a revenue bond?
Question:
What is the major difference between a tax-backed debt and a revenue bond?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
The major difference between a taxbacked debt and a revenue bond lies in the source of repayment for the bonds TaxBacked Debt Taxbacked debt also know...View the full answer
Answered By
Payal Mittal
I specialize in finance and accounts.You can ask any question related to til undergradution.Organizational behaviour and HRM are my favourites for you can always relate to them and is an art with practical knowledge base.
4.90+
226+ Reviews
778+ Question Solved
Related Book For
Foundations Of Financial Markets And Institutions
ISBN: 9780136135319
4th Edition
Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
It was beginning of August 2016, Aamer Malik, Manager of Finance Department at Fatima Fertilizers Corporation Limited was asked by the board of governors to present some recommendations for financing...
-
What is the major difference between a negotiated purchase and a competitive bid purchase?
-
Umida Ltd is considering acquiring Trinity Ltd. Both companies are all-equity firms. Umida and Trinity have 5 million and 6 million shares outstanding respectively. Umida generates $2 million in...
-
Explain the accounting involved in applying the operating lease method by a lessor.
-
Design a set of simple test programs to determine the type compatibility rules of a C compiler to which you have access. Write a report of your findings.
-
Two steel wires, each having a cross-sectional area of 2 mm 2 are tied to a ring at C, and then stretched and tied between the two pins A and B. The initial tension in the wires is 50 N. If a...
-
Earnings as defined in SFAC No. 5 are consistent with the current operating performance concept of income. Comprehensive income is consistent with the all- inclusive concept of income. Required: a....
-
I have $1,600. I decide to invest in a 3 year certificate of deposit with an annual interest rate of 1.31% compounded daily. How much is in my account after 3 years? How much interest have I earned...
-
What is the difference between a limited and unlimited general obligation bond?
-
a. Who are the three major investors in municipal securities? b. What aspect of their situation and what feature of these bonds attract these investors to this market?
-
Assume that a company borrows at a cost of 0.14. Its tax rate is 0.35. What is the minimum after-tax cost of capital for a certain cash flow if: a. 100 percent debt is used? b. 100 percent common...
-
If internal controls are ineffective, what wouldbe the most thorough means of evaluating the effectiveness of internal controls is by performing internal audits? What are internal audits are and...
-
A company reports the following: Cost of merchandise sold Average merchandise inventory $680,400 94,500 Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round...
-
The following trial balance of Teal Mountain Co. does not balance. Teal Mountain Co. Trial Balance June 30, 2022 Debit Credit Cash $1,660 Accounts Receivable $2,440 Supplies 1,200 Equipment 2,300...
-
All transactions must require a passkey The balance of the account is zero and all outstanding cheques have been presented The system cannot accept a transaction that results in a debit balance...
-
Working capital = Current assets - current liabilities= 2,790,000 Working capital Current Ratio current = assets/current liabilities = 4.1 Accounts receivable turnover = sales/acc receivable =...
-
Carolina Clinic is considering investing in new heart monitoring equipment. It has two options: Option A would have an initial lower cost but would require a significant expenditure for rebuilding...
-
On 1 July 2018, Parent Ltd acquired all the shares of Son Ltd, on a cum-div. basis, for $2,057,000. At this date, the equity of Son Ltd consisted of: $ 1,000,000 Share capital 500 000 shares...
-
The RX Drug Company has just purchased a capsulation machine for $76,000. The plant engineer estimates the machine has a useful life of 5 years and little or no salvage value . He will use zero...
-
The Acme Chemical Company purchased $45,000 of research equipment, which it believes will have zero salvage value at the end of its 5-year life. Compute the depreciation schedule for the equipment by...
-
Consider a $6500 piece of machinery, with a 5-year depreciable life and an estimated $1200 salvage value . The projected utilization of the machinery when it was purchased, and its actual production...
-
This workplace assessment requires you to manage and monitor a budget for a business over a three-month period that meets the specific business' needs. This assessment is divided into seven tasks:...
-
How would I deliver a presentation of a new service to three different groups of customers . how should I adjust your language, behaviour, or presentation to respect their diversity. The groups are a...
-
Explain how you will provide students in Public Schools with the skills they need to succeed as 21st century learners, workers and citizens.
Study smarter with the SolutionInn App